Financial Enhancement Group LLC cut its position in shares of Simplify US Equity PLUS Convexity ETF (NYSEARCA:SPYC – Free Report) by 52.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 270,925 shares of the company’s stock after selling 294,136 shares during the period. Simplify US Equity PLUS Convexity ETF accounts for 1.5% of Financial Enhancement Group LLC’s holdings, making the stock its 24th biggest position. Financial Enhancement Group LLC owned about 14.04% of Simplify US Equity PLUS Convexity ETF worth $10,073,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC acquired a new position in shares of Simplify US Equity PLUS Convexity ETF in the fourth quarter worth about $553,000. Integrated Wealth Concepts LLC increased its stake in shares of Simplify US Equity PLUS Convexity ETF by 3.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 288,311 shares of the company’s stock valued at $10,889,000 after purchasing an additional 8,345 shares in the last quarter. Finally, Austin Wealth Management LLC raised its holdings in Simplify US Equity PLUS Convexity ETF by 7.7% in the 3rd quarter. Austin Wealth Management LLC now owns 645,179 shares of the company’s stock worth $24,156,000 after purchasing an additional 46,296 shares during the period.
Simplify US Equity PLUS Convexity ETF Trading Up 2.4 %
Shares of SPYC opened at $38.07 on Thursday. The firm has a market cap of $73.48 million, a P/E ratio of 26.43 and a beta of 1.16. Simplify US Equity PLUS Convexity ETF has a 12 month low of $30.42 and a 12 month high of $40.43. The stock’s 50 day moving average is $38.88 and its two-hundred day moving average is $37.67.
About Simplify US Equity PLUS Convexity ETF
The Simplify US Equity PLUS Convexity ETF (SPYC) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, fund-of-funds that provides exposure to the S&P 500 with a systematic options overlay strategy. The overlay strategy seeks to enhance upside potential and hedge downside risk.
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